I have to tell you about Greenlight, the smart debit card for kids that we have been using. It has been such an easy and convenient way to exchange cash with our kids! Gone are the days of making sure we always have enough cash on hand.
Greenlight card was made for children and built by parents. It is a smart debit card and has an easy-to-use app which gives parents a convenient way to stay informed on kids spending, communicate with them and load their cards.
Cash can only go so far and limits you when it comes to staying on top of what your kid is spending, when they are spending it, and where!
For younger kids, this debit card is great to control all of their spending. For older kids, like our teen girls, we use it along with their own cash for the sake of convenience and as a way to teach responsibility when it comes to money.
Why We Love Greenlight Debit Card for Kids
Here are a few reasons why we love it:
1. The Greenlight App is super intuitive and easy to use and setup.
2. The girls (especially my youngest), like having their own card! Kids feel so grown up!
3. It eliminates the pain of exchanging cash.
4. It keeps the girls from having too much cash lying around. A lost card is easy to replace. Lost cash cannot be replaced.
5. It is safe. If someone gets ahold of their card, we can immediately turn the card off from the app. They will not know the PIN in order to use it.
6. Helps us teach good spending habits in real life situations and prepares them to become financially responsible adults. It makes teaching fun!
7. Sends real-time notifications to parents and kids after a purchase.
8. Gives us gentle and flexible control of where their spending goes.
9. It gives them independence to spend their own money while we retain control over where their money is spent or how much they have to spend in certain stores or retailers.
10. It is fun and easy to communicate through the comments in the app.
Here are a few examples from our family & how Greenlight debit card has made life so convenient:
~Our girls have earned allowance since they were young. My Todd wrote a few posts about it. We had a chart and chore system when they were younger and were paid a small allowance if they were responsible that week. Now that they are older they get an allowance just for being great and responsible teens! Todd has done a great job of making sure we have the cash to pay them each week, but it takes some thought and even trips to the bank at times. Now all he has to do is get out his phone and quickly send it to their debit card. It is as easy as sending them a text! Easier still–Greenlight card has a convenient automated allowance feature to ‘set it and forget it’ so your kids always receive their allowance on time.
~Our girls often babysit and are sometimes paid with a check. We would have to cash their checks for them, then remember to get the money to them, hoping we have enough cash on hand. Now, all we have to do is deposit their checks with the rest of our deposits, and simply use the Greenlight app to send them the check total directly to their Greenlight debit card.
~We have 2 teen drivers. I will occasionally send them on errands or to the grocery store to pick up a few things. We used to have an exchange of cash, and often I would forget who I gave money to and for what. Sometimes I would wonder if I had paid them back at all! This was a problem when it came to doing the budget numbers, as I would need to know accurate numbers and what category in our budget those numbers came out of. Now they can bring us a receipt and I can immediately send them the money we owe them, right to their debit card, and then send myself a text as a reminder to which budget it came out of and how much.
~My Colsie loves a good deal and does an amazing job finding clothes at a good price. Sometimes she will be out with friends and stumbles upon a great deal, but realizes she does not have cash on her. Now she can send me a text and the Greenlight app has the option of letting me send her money that she can ONLY to spend at that specific store. I love that control. I want her to have the freedom to spend money on some good deals, but I also want to keep her from spending her whole paycheck at one store and keep her from being tempted at other stores. I can send her the exact amount that I think is reasonable that she can spend at that specific store, and the card will only allow her to spend that amount. Brilliant!
~Todd is amazing at spoiling us when it comes to making sure our cars are all full of gas. I rarely have to pump my own! I know…I’m spoiled! He does it on Saturdays so faithfully. It is a great way that he shows love by serving us girls. If he was not so great at this, I could see us really using the ‘Gas’ option of the Greenlight cards, and we may still decide to use it to teach our girls the value and cost of gas. We could give them a set amount of gas that we agree to pay for each week, then they can be aware of how much they use and stay aim to stay within that gas budget. It will also get them used to getting their own gas, as they won’t be around for many more years for Dad to do it for them!
While writing this post, two more scenarios with Greenlight debit card happened:
~My Colsie is driving herself to get some tutoring after school. She needs to pay her tutor $20 and has her own cash on her, but we need to pay her back. I will use the Greenlight app to pay her back.
~My Teagan got out of school early today and is out and about running errands with her boyfriend. I wanted to make sure she got some lunch so I sent her $15 with a note specifying what it is for. It took seconds and made her day!
Do you see what I mean by convenient? I love being able to pay my girls back the minute I think about it, instead of thinking about it later and wondering if I ever paid them back! I love treating my girls with a surprise deposit and telling them to enjoy it! I especially love when I get a real-time alert when they do spend it.
Do you want to try Greenlight card out for yourself? Take advantage of the special 30-day trial to see if it is a good fit for your family and get a $20 deposit bonus when you sign up after the trial.
Greenlight is available for iOS and Android and costs $4.99/mo per family and includes cards for up to 5 children. It also offers zero-fee loading for parents transferring money into their Greenlight account.
Sign up for Greenlight before 10/30 and they’ll deposit a $20 bonus into your account after the 30-day free trial ends. *deposit bonus made approximately two weeks after the free trial ends.